Configure currency conversions

A CardCorp merchant account has a set of acceptance currencies. One of them is your base currency. You can use any acceptance currency in products and orders.

You can manage several currencies in two ways:

• Create a product for each currency, with the price in that currency.
• Use currency conversions, so BillPro converts the price of one product in your base currency into the order currency. Choose:
  • Live mid-market rates, updated daily, with an optional premium to cover your acquirer's conversion fees; or
  • Set Rates Manually, and update them yourself.

To change currency conversions, you need an admin or accountant role.

Open currency conversion

Open the profile menu and select Currency Conversion. The table lists each acceptance currency with its Exchange Rate, Your Rate, and a Preview of 100 in your base currency, converted.

Use live mid-market rates

The mid-market rate is the average of the buying and selling prices of a currency. BillPro updates it daily from openexchangerates.org.

1. Select Live mid-market rates.
2. Your acquirer charges you for conversions. To pass this on, turn on Add a conversion premium of (%) and enter the percentage. For example, with a rate of 1.0876 and a 2.5% premium, BillPro uses 1.1148.
3. Choose How should price be rounded off:
   • Nearest Currency or Unit
   • Nearest Tenths or Dime
   • Nearest Hundreths or Cent
   • Nearest Increment of .99
4. Click Save.

BillPro converts your base-currency prices into the order currency with these rates.

Set rates manually

1. Select Set Rates Manually.
2. The Exchange Rate column shows today's mid-market rate. Enter your own in Your Rate. BillPro uses 4 decimal places.
3. Choose How should price be rounded off.
4. Click Save.